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Interest rates and Home Values in Seattle

By
Mortgage and Lending with Axia Home Loans & Real Estate Investment Firm

Interest Rates and Home Values in Seattle

 

Interest rates and home values are two things that can go hand in hand.  I recently had two clients in Seattle, WA that I had pre approved for buying their first home in May, and they diligently looked at homes in the area that they wanted within the price range that they felt comfortable.  For this couple, they had issues finding a home in the area they were looking for the price range they were comfortable with when it came to their down payment and total monthly payment. 

 

From May 2011 to the present the interest rate market has improved so significantly that they are now actually able to purchase 30k more in house, buy in the area they had been looking at and were able to stay within the limits that they felt comfortable with. 

 

The bottom line is that for anyone that is interested in buying, and/or has been looking at buying in the last year or so, needs to talk with their mortgage professional to understand where they currently stand in today’s market; they could be in a position to take advantage of their objectives with the market state of low rates and bottoming out real estate levels.

 

Posted by

Tom Jarzynka!

 

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